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New Slovakian law to relax online gambling restrictions

But that was only the first step. Now comes the second, clear rules for everyone - anyone who wants to offer online casino games will be able to do so if they meet the prescribed conditions," said Peter Papanek, head of the Association of Betting Companies of the Slovak Republic, according to Sport Aktuality . "Experience from abroad shows that, if the state wants to intervene against tax evasion and illegal gambling, it must go through the liberalisation of the market and the setting of fair conditions, inter alia, to motivate operators to operate legally. "Illegal companies thus lose the incentive to circumvent the rules, and the state, in addition to income, also gains the certainty of consumer protection. The countries that have been chosen liberalisation have rapidly reduced the share of the black market." In its submission, Slovakia’s Ministry of Finance, which will have responsibility for gambling, said it wants to “relax restrictions on access to the internet gambling market”. Companies with a base in Slovakia or another EU state are able to apply for a licence. A new Regulatory Office for Gambling is proposed in order to centralise activities in the gambling sector. With the exception of legislation, the office's scope would cover all activities related to the gambling sector, in particular licensing, supervision, imposing sanctions and the administration of fees. Online operators would pay a 23% tax rate under the new regime, with various operational charges.

For the original version including any supplementary images or video, visit http://www.igamingbusiness.com/news/new-slovakian-law-relax-online-gambling-restrictions

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Azino777 online casino is Russias top online video advertiser

azino777-online-casino-russia-advertising The site has produced several videos featuring well-known Russian rappers extolling Azino777’s virtues, despite Russian law explicitly prohibiting any form of online gambling beyond sports betting . Intellectual property rights holders have begged Russia’s telecom watchdogs to do something about the videos, while last week saw the chairman of the country’s youth parliament beg the grownups to punish the rappers who so blatantly promote illegal activity. This week, Leonid Levin, who heads up the State Duma Committee on Information Policy, Security and Communications, said there was little point in penalizing the hired stars of these videos, because the operators would simply start hiring foreign celebrities, like “Mike Tyson or someone else famous.” Instead, Levin suggested targeting the “various services, functions, players that host such illegal advertising inside themselves” who by their acceptance of these ads “legitimize such actions.” Meanwhile, Russian media outlet RBC posted a lengthy article this week on Azino777’s rise, although the operator has a typically tangled web of company filings that makes pinning down Azino777’s braintrust and ownership something of a challenge. The article also revealed that Azino777 has at times claimed affiliation with western operators Novomatic and GameSys, claims that were vehemently rejected by those firms. Russian financial institutions were ordered to block all unauthorized online gambling payments as of May 26, but RBC noted that there is as yet no formal registry of prohibited companies, meaning the banks have to rely on blocking transactions based on their merchant category code (MCC).

For the original version including any supplementary images or video, visit https://calvinayre.com/2018/07/26/business/azino777-online-casino-russia-top-advertiser/

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